United States Securities and Exchange Commission

Securities Exchange Act of 1934
Release No. 47246 / January 24, 2003

Administrative Proceeding
File No. 3-11016

Igor Fleyshmakher a.k.a. Isaac Flash a.k.a. Isaac Marks

The Commission entered an Order Instituting Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Order) against Igor Fleyshmakher a.k.a. Isaac Flash a.k.a. Isaac Marks (Fleyshmakher) based upon his alleged previous criminal conviction The People of the State of New York v. Igor Fleyshmakher, Superior Court Information Docket No. 7119/99. The Division of Enforcement alleges that Fleyshmakher was sentenced for his conduct on July 18, 2002 by the Supreme Court of the State of New York, County of New York.

In addition, the Division of Enforcement alleges that Fleyshmakher previously pled guilty to one count of attempted enterprise corruption based upon his conduct while employed a broker with the brokerage firm Meyers Pollock Robbins, Inc. The Superior Court Information filed against Fleyshmakher charged that he took part in a scheme whereby he and others took bribes from a stock promoter and fraudulently sold stock at inflated prices to customers of the firm.

The Division of Enforcement institutes public administrative proceedings pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) to afford Fleyshmakher the opportunity to establish a defense to the Order's allegations and to determine what, if any, remedial action is appropriate in the public interest against Fleyshmakher.